aj485’s Activity

Wed Dec 24

NL

Boards Post

aj485 replied to the Retirement Investing board. 11:25 AM

Re: Moving Dividend Stocks from Sheltered Accts

We plan on retiring well before 65
.
.
.
With a growing 401K that I will eventually roll into an IRA (I work in tech, so changing jobs every 3 years or so is normal)


Not sure how early "well before 65" is and [more]

Tue Dec 23

NL

Boards Post

aj485 replied to the Tax Strategies board. 10:50 PM

Re: Tax on Roth conversion with no taxable income?

As far as I can tell, taxes on the roth IRA conversion are treated like normal income.

Yes, a conversion to a Roth is considered ordinary income.

Thus, if I convert less than $10,150 (single, under 65) I do not pay any [more]

Mon Dec 22

NL

Boards Post

aj485 replied to the Buying or Selling a Home board. 5:59 PM

Re: Pay off student debt or save for down paymen

The catch is that OP won't know this until he sells his current home and contracts for the new one (unless he can predict accurately what the respective sales prices will be). How about he puts the minimum toward the student loan now, to preserve [more]

NL

Boards Post

aj485 replied to the Buying or Selling a Home board. 12:20 AM

Re: Pay off student debt or save for down paymen

Thanks AJ, I will be selling current house using equity to put towards new house including additional funds for down payment. Are you suggesting to save for down payment in order to avoid PMI?

If you will have sold your current house [more]

Sun Dec 21

NL

Boards Post

aj485 replied to the Buying or Selling a Home board. 4:02 PM

Re: Pay off student debt or save for down payment?

Do I pay off 12K student now or save for down payment? I've often thought to pay down student debt 1st but our rate is ~4% which new mortgage may be the same.

I currently have a mortgage so this down payment is for when we
[more]

Tue Dec 16

NL

Boards Post

aj485 replied to the Foolish 401(k)s board. 5:29 PM

Re: 401(k)/IRA annual contribution limits

Only if your MAGI is under $70k (single), $116k (married, filing jointly), or $10k (married, filing separately but lived with spouse) according to IRS Publication 590.

[more]

NL

Boards Post

aj485 replied to the Foolish 401(k)s board. 3:37 PM

Re: 401(k)/IRA annual contribution limits

However, if you are making Traditional 401k contributions, I believe you can only contribute to a Roth IRA, and not seek additional tax deductions through a Traditional pre-tax IRA.

Sorry, this is not correct. There are deductibility [more]

Mon Dec 15

NL

Boards Post

aj485 replied to the Foolish 401(k)s board. 4:29 PM

Re: How much to save?

Our retirement planner at work suggested I put 15% into 401k. My company matches 75% upto 6% of my salary. Additionally he suggested maxxing out a Roth IRA for both my wife and myself. Additionally my company offers a fixed fun which is guaranteed [more]

Sun Dec 14

NL

Boards Post

aj485 replied to the Retirement Investing board. 2:41 AM

Re: Free Retirement planning tool

I hope this is okay to post here cause I don't want to sound like I'm selling something.

Sorry, when people say they don't want to sound like they are selling something, they generally are selling something.

Not going to [more]

Sat Dec 13

NL

Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 11:42 AM

Re: So...no what?

My credit score acc to Discover is 707. If I wait 3 months, I could get rid of 9k in debt which would improve my ratio and make me 36 months out from my one and only late payment. I have no idea if it would result in a significant enough bump in [more]

Fri Dec 12

NL

Boards Post

aj485 replied to the Buying or Selling a Home board. 7:11 PM

Re: proof that mortgage was sold

Got a call this morning from the loan officer at PenFed handling the refinance. The title report is showing that Bank #2 has a mortgage against our property. Our previous refinance was through Bank #2, so the Deed of Trust we signed has their name [more]

Thu Dec 11

NL

Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 11:59 PM

Re: Which to pay first?

Card #1 has a 8K balance at 9.99% To make the math easy, assume that the minimum payment is $100/month.

Card #2 has a 4K balance at 0$ until April. But if it's not completely paid off before April 2, then a 20% APR will apply
[more]

NL

Boards Post

aj485 replied to the Retirement Investing board. 12:19 PM

Re: Another HSA question

There's a strong possibility that I may be changing jobs in 2015. I currently have an HSA account with my employer and have a percentage of it invested through the HSA mutual funds. I've read that I will no longer be able to contribute to my [more]

Wed Dec 10

NL

Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 8:25 PM

Re: So...no what?

The discover card is actually 0% until 2/2016 so only 60% of the debt would lose their 0% interest by September 2015. I made a typo in the original post. Does that change any of your recommendations?

No. It's about another $7.5k that [more]

NL

Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 4:58 AM

Re: So...no what?

Also, one side question, if the 0% runs until the last day of the billing cycle 7/20/2015, does that mean I have to pay the balance off on 7/20/2015 or does it mean that if I do not pay the balance on the next bill in August, I will have to pay [more]

NL

Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 4:51 AM

Re: So...no what?

Great progress!

the mortgage (approx 464k at 2.94% interest)
.
.
.
We are in year 3.5 of a 5 year ARM. I would like to refinance once we get the loan out of jumbo territory to get the best rate. The mortgage is roughly
[more]

Sun Dec 7

NL

Boards Post

aj485 replied to the Retirement Investing board. 5:01 AM

Re: Planning for health issues

I suspect 82 and 85 might not cover it....people are living longer and longer. $220K...you better have a big SS check coming and a pension too. If you are young enough, you should aim for at least 1M or more for a couple.

Are you [more]

Sat Dec 6

NL

Boards Post

aj485 replied to the Retirement Investing board. 11:33 AM

Re: Planning for health issues

Assuming fair health, with Medicare and perhaps a Medicare supplement, what might be a prudent amount to set aside to cover unexpected health expenses?

Fidelity has a planner that suggests that a 65 year old couple retiring in 2014 [more]

Mon Dec 1

NL

Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 2:49 PM

Re: International living and credit

He is looking into buying a house and moving back in the next year, so a more accurate score and report would be helpful.

Does he want to buy a house to move back into, or is he willing to rent for a while when he first comes back? [more]

Fri Nov 28

NL

Boards Post

aj485 replied to the Retirement Investing board. 9:24 PM

Re: investing social security checks

I'm starting SS at age 66. Don't believe I'll need the $. Thinking of investing into VTCLX ea. month. Tax efficient, good performer over the long run. Any other ideas?

If you really don't need the money, I would suggest delaying [more]

Show More Activity ...

CAPS Stats & Trivia

CAPS Player Rating < 20
Player Rank 0 out of 75077
Score 0.00
Score Change Today 0
Accuracy 0.00%
Active Picks 0
Total Picks 0
Best Pick ( 0)
Worst Pick ( 0)
Average Score per Pick 0.00
Charms Earned 0
Highest Rated Favorite No Favorites Selected
Go to aj485’s CAPS page

Boards Stats & Trivia

Big gold star, 5000 posts Feste Award Nominee! Old School Fool
Board Posts 8457
Recs Received 30689
People who have rec'd these posts 1488
Recs to Posts Ratio (last 30 days) 6.20
Threads Started 153
Threads Started Percentage 1.81 %
Most Frequent Board Credit Cards and Consumer Debt
Very First Post Re: Attention all Immigrants denied credit (6/17/1999)
Percentage of Posts Rec'd 91.55 %
Show aj485’s 10 Latest Posts